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First Time Landloard - Seperate Bank Account?
We are due to complete on our new house on Friday and will then be getting work done in our current house in preparation for it being rented out. The tenants have already paid the deposit and first months rent and are due to move in on 1st April, however, we are going to spend approx £2,000 on improvements to the house…
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Mortgage question
I have a v poor credit rating. I am currently paying off a lot of debts very slowly but very surely. IF myself and my partner decided on getting a mortgage..Could she apply for the mortgage then add my name to it at a later date? I'm just worried that my credit rating will prevent us from buying, however I don't want her…
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Who enforces deed of covenant on New Build?
I moved in to my New Build 18 months ago but sadly my mother is terminally ill and I need to move. I have approached my Mortgage provider to see if I can rent my house out but they declined. My deed of covenant states that I am not allowed a for sale sign on the property for 5 years. My dilemma is that I need to move as…
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Helping daughter to rent proving problematic
My daughter is currently a paid intern with a years contract. She has found a flat to rent with two other friends but has been rejected by the company the letting agents have used to check her credit worthiness. She graduated last year and of course does not have much credit history. Whilst I understand she may not look on…
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Surveyors report
A recent surveyors report has said that there is rising damp in a property we are interested in buying because there is damp on the walls and rusty nails. We got a builder in to have a look, and he says there is damp on the walls but it is not rising damp, and the only rusty nails he found were in the carpet grippers on…
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Damp proofing companies in Belfast
I need a reputable damp proofing company for my house in Belfast. Have used Danlor in past. Very good but very expensive. Any recommendations? Thanks in advance.
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Chancel Repair Liability
Just wondering - now the deadline has passed if I get a copy of the titles from the LR - and there is nothing on there - do I still have any possibility of CRL against me as the purchaser?
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Freehold purchase?
Just looking for a little advice on purchasing freehold of our property. Currently property is leasehold but I enquired 12 months ago about purchasing the freehold and finally details and costs of this has come through. Currently pay £12 per year and leasehold has approx 90 years left but we have been offered freehold for…
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Restrictive Covenant re extension
Hi We are currently in the process of selling our property which we purchased in 2008. We put a conservatory on the property in 2010, which required planning permission from the LA. The planning permissions etc. were all handled by the developer who installed the conservatory. It turns out that there is a restrictive…
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How many Land Lords are really legit ?
A guy at work advertised a house for rent. This lad lives with parents, and I counted him as a (work) friend so I emailed him this link : https://forums.moneysavingexpert.com/discussion/4908835 and added : When I look back at how (name of a landlord and employee) managed the rental of that house I shared , she put herself…
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40k per year income?!
I am a student in London and I am on the search for a place to rent next school year ('14-'15) I've found a really good place that i would be able to afford (two bedrooms but shared between myself and my friend/her boyfriend) but the problem is when I emailed to arrange a viewing, the person who posted the ad 'remembered'…
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Agents telling buyers we have accepted offer when we have not.
I’ve searched the forums, and not found anything that quite matches this, apologies if there is… We recently put our house on the market and had over a dozen viewings over the ‘launch’ weekend. The upshot was that we received two offers of the asking price. On Monday the agents told me that they were doing the relevant…
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rental repairs
We have been living in our rental for 5 and a half months - it's due to go periodic in 2 weeks. I am argueing with the letting agent that it is in a state of disrepair. The walls in 2 out of 3 bedrooms, the hallway and lounge all have severely crumbling plaster beneath the wallpaper (which is coming away from the wall in…
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time limit on offer
I'm an FTB who just made my first offer and would like your advice on tactics. I made a really strong offer: asking price, very large deposit (over a third of the price of the property), no chain, full flexibility on time. But I'm buying in London and I know this property had a lot of interest. Each of the two times I went…
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Pets
Would like a bit of advice, please. I'm a reluctant landlord. Have had the same tenants in the property for the last 3.5 years. They're leaving at the end of the month, as have bought a house. However, I've just discovered that they have not 1 but 2 dogs, despite having a 'no pets without written permission' clause. Every…
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Dealing with new letting agreement at a distance?
I am in very poor health, disabled wheelchair user & facing moving in the near future to be nearer family who are several hundred miles away. So my query is if my wife made the trip to view & decided on a property could all the paperwork be done by her whist she is there & would they need me to be physically present as…
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What is formula for rental affordibilty?
Is there one or are there any online calculators around? Would be grateful for any help?
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What to do with house value increase?
Ok here at the quick facts; We're both 30 and have incomes of 60k and 45k. Purchased our 3 bed, 1 bath house in Dec 2012 for 500k. Used a 35 year 350k mortgage at 2.5% tracker plus 200k gift from parents. Have so far spent 40k of the extra 50k on doing loft conversion so now the place is 5 bed, 2 bath. In the meantime…
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Handing over title deeds - is this normal?
A slightly vulnerable relative of mine has recently put her house up for sale with a local estate agent and (not realising she had a choice), agreed to their 'preferred' conveyancers acting for her. This is a 'property law firm' some 150 miles from where she lives. That in itself isn't the issue (although because of the…
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Sewage problems..looking to buy
Looking to buy a rural cottage,price looks good and we love it.. However agent now tells us that the septic tank needs replacing..and has forwarded a quote for aprox three grand.. Delving deeper I believe there is some kind of environment agency licence to be obtained and a new system to be put in...does anyone have any…
